New Business Formation

Let us help you create a solid foundation for your business so you can focus on growing and thriving.

We are committed to helping you succeed by providing the necessary support to launch your business with a solid foundation. A methodical approach and meticulous planning are key to a successful and profitable business. Neglecting these steps in the early stages of business formation can lead to disaster and is often why many businesses fail.

Areas of Experties

• It is imperative to create a business plan. We can help you establish a clear direction for your marketing, management, and financial strategies.

• Evaluate your startup capital requirements.

• Identify primary and alternative sources of startup capital.

• Assess and quantify your borrowing capacity to determine the amount of capital required.

• Select a business structure that aligns with your requirements by considering tax benefits, legal exposure, and operational simplicity.

• QuickBooks accounting software setup

• Tax planning for business startups

• Accounting and bookkeeping services

• Choose appropriate accounting software by considering your budget, requirements, and hardware.

• Create a Cash Flow Budget to determine the amount of funds necessary to sustain the business monthly during the initial years. Unforeseen cash needs can be emotionally distressing.

• Develop billing and collection procedures to enhance cash flow management.

• Develop processes to oversee and regulate expenses.

• Establish a home office to optimize your tax deductions.

• Prepare and file all required state and local licenses and permits.

• Prepare and file your application for your Federal Employer Identification Number.

• Prepare payroll and payroll tax filing.

• Help you stay compliant with employment laws to avoid penalties.

• Determine your business insurance requirements.

• Develop a comprehensive Partnership Agreement. This document is essential for all new partnerships and can effectively prevent significant financial and emotional issues in the future.